Recruitment FAQs: What is recruitment?
The recruitment industry can be confusing for anyone who's never worked in recruitment or with a recruitment agency before. That's why we've created this recruitment questions and answers, along with a handy summary video, to make the recruitment process much easier!
1. What is the definition of recruitment?
Recruitment is the process of finding and hiring candidates for particular jobs. The recruitment and selection process is made up of several stages; from initial discussions with a potential candidate, right the way through to candidate onboarding.
The recruitment industry encompasses all personnel, companies and software relating to sourcing talent, hiring and job seeking. Recruitment is one of the biggest industries in the world, with almost 40,000 recruitment agencies in the UK alone, and hundreds of thousands of employees. Within the recruitment industry, Recruiters or Recruitment Consultants act as the intermediary between companies looking to hire candidates, and jobseekers searching for a new career opportunity.
For companies to scale up, it is vital for employers to understand the importance of recruitment, and the key role it plays in the growth of businesses. Every business that wants to grow will need to hire talent at some point or another, and recruitment is important for every industry, from finance to advertising.
The purpose of recruitment is to identify the right candidates for specific job roles and attract these candidates to an organisation. Successful recruitment isn't just about filling a single job vacancy, but about organisational performance in the long-term.
There are various methods for selecting candidates. While some businesses use in-house Talent Acquisition or Hiring Managers to find talent, others will choose to employ recruitment agencies to help them source, meet and eventually hire the best candidates.
Benefits of using recruitment agencies for employers:
- Because they work exclusively in the industry, they will have great knowledge of the market; especially if they work in a particular sector or market like sales recruitment, finance recruitment or even graduate recruitment.
- One of the main advantages of recruitment agencies is that they have a wide network and reach; often with databases of hundreds of thousands of candidates. This wide network offers companies a wider talent pool of candidates to choose from.
- Preventing costly mistakes from being made is another of the top benefits of recruitment agencies. Many companies that handle the hiring process internally often rush to hire new employees, particularly if they are under pressure because of a staff member leaving.
- Many recruitment agencies can also provide assistance with employer branding. Especially for small businesses, startups, or SMEs, working with a recruitment agency can be beneficial for marketing a business to candidates and attracting them to the business.
- Working with recruitment agencies saves time and allows you to focus on other areas of your business, by taking away the hassle of screening CVs, conducting telephone interviews, and communicating with candidates.
- Working with a recruitment agency can also be highly cost-effective. As well as cutting down the cost of time-consuming processes, recruitment agencies will reduce the cost of sourcing talent by covering the cost of advertising job vacancies. They will usually also have a rebate structure in place, reducing the risk of hiring quite significantly.
Advantages of recruitment agencies for graduates:
- A recruiter will find out your specific job requirements or career needs and do a lot of the initial application process for you, in terms of finding suitable companies and determining whether you would be the right fit for the job role.
- For many graduate jobs that you apply for through recruitment companies, you don't have to create a cover letter, saving you time during the application process.
- Working with a recruitment agency to find a job speeds up the job-hunting process. Not only is it quicker to apply, but candidates can receive responses and feedback more quickly, too.
- A problem shared is a problem halved. If you are struggling to find a job, speaking to a Recruitment Consultant can help to encourage and motivate you; we know the job hunt can be a long old road!
- As well as recruiters providing a support network, they can also help a lot with CV writing and career advice.
- If your current skills and qualifications aren't the right fit for a role, Recruitment Consultants can recommend training or internships that might help you pursue a certain career path, or they can also suggest other job roles that you might not have considered.
- At Give A Grad A Go, we provide interview help for every candidate. Take a look at our interview questions hub, complete with model answers to the most common interview questions.
- If you are unsuccessful in an interview, recruiters will provide feedback, to help candidates to understand why they were unsuccessful and what they can do to improve in future interviews.
Recruitment agencies act as the middleman between businesses and candidates, helping companies to source and hire talent, and helping jobseekers find jobs.
Employers working with recruitment agencies
Businesses hire employment agencies to help them with their recruitment needs and streamline the recruitment process; by shortlisting the best applicants for the role and introducing these candidates to the company by setting up job interviews. They will also speak directly to candidates, decide whether they are suitable for the job and potentially secure them a temporary or permanent role.
Candidates looking for jobs
Recruitment agencies work with candidates to understand their skills, career interests, and if they have any specific job requirements. The Recruitment Consultant will suggest suitable job roles and help the candidate secure interviews. At Give A Grad A Go, we add value by helping candidates prepare for job interviews, providing feedback on any unsuccessful interviews, and enabling the candidate to work on any areas for improvement.
The recruitment process is made up of several stages; including identifying, attracting, shortlisting, interviewing, hiring and onboarding candidates. The recruitment process can be time-consuming (something that recruitment agencies can help with), and many companies choose to create an effective recruitment strategy to help them plan their hiring in the short-term and long-term.
The recruitment process is different for candidates and employers. At Give A Grad A Go, we have helped to simplify the graduate recruitment process for you, with both the job hunt process for graduates and the hiring process for employers. To help demonstrate the hiring process, we have created a recruitment flowchart below.
Recruitment process flowchart
This recruitment process flowchart is intended to be used for employers and candidates to better understand the steps of hiring process. Once you've read through this talent acquisition organisational chart, please do feel free to get in touch if you have any further questions!
A Recruitment Consultant usually works at a recruitment agency; where they will develop a portfolio of clients and a network of candidates. A career in recruitment involves helping businesses recruit talent and simplifying the hiring process for employers. This includes sourcing the best candidates for companies, pitching roles to candidates and highlighting the best career opportunities, shortlisting top candidates, and arranging interviews.
Recruitment Consultants will often work with companies long-term, finding out more about their business and which hires have been successful. Recruitment professionals will also utilise their knowledge of the market to offer advice to job applicants and companies, sometimes helping businesses create a hiring plan or recruitment strategy.
Find out more information about what a Recruitment Consultant does on a daily basis.
Recruitment and selection are two different stages of the employment process:
- The recruitment part of the process involves sourcing candidates and suggesting certain job roles based on candidates' skills, qualifications and other attributes.
- The selection part of the employment process revolves around screening and 'vetting' candidates, so that the Employer, Hiring Manager or Recruitment Consultant can select the best person for the job.
Overall, the recruitment and selection process involves the entire employment process from start to finish.
Our recruitment fee structure depends on the type of hire you are looking to make. These include permanent hiring fees, temp to perm fees, summer internships, and a range of other recruitment services. We also offer a flexible recruitment pricing structure depending on whether you are looking to make a one-off hire or multiple hires. If you would like to find out more about our recruitment agency fees, please get in touch today on 020 7100 8800.
Recruitment agencies do not usually charge candidates, but charge the employer a fee. This is typically a percentage of the annual salary for the job role once a successful candidate has been placed. At Give A Grad A Go, we don't charge candidates to register with us.
11. What is the difference between retained and contingency recruitment?
All recruiters and recruitment agencies operate differently, and there are two different methods of recruitment available - retained recruitment and contingency recruitment.
Retained recruitment is whereby the recruiter or recruitment agency will charge an upfront for scheduled fee to the client and is done so on a retained, ongoing basis. Retained recruitment agencies can demand an upfront flat fee for their services, but must always assist the company they recruit for with filling vacancies.
In contract, contingency recruitment works on a 'no win no fee' basis, whereby if the recruiter doesn't supply the placed candidate, they do not get the fee. Here at Give A Grad A Go, we operate contingency recruitment, meaning you won't pay any fees until we've secured you a candidate who is the perfect match for your role and company.
Summary video for 'what is recruitment and selection?'
Tip: Change the playback speed in the settings at the bottom right corner, to suit your learning requirements! Please feel free to embed this video on your website, or for more great videos for graduates and employers visit the Give A Grad A Go Recruitment YouTube Channel.